Lease Portfolio Management & Accounting Knowledge Base

ASC 842 Standards & Classification

The standard itself: scope, classification tests, lease terms and the transition rules.

• Why Spreadsheets Pose Risks for ASC 842 Lease AccountingWhy spreadsheets fail for ASC 842: the errors, version conflicts and audit gaps they create, and what to use in their place.
• AI Revolutionizes Lease Accounting Beyond FictionLooking for the ultimate lease accounting solution? Discover how iLeasePro streamlines processes and boosts profitability!
• Technology Requirements for the New Lease StandardsDiscover technology requirements for new lease accounting standards. Explore how technological solutions streamline compliance & reporting.
• 8 Tax Strategies for Private Companies Under ASC 842Discover 8 strategies for ASC 842 lease accounting to reduce tax exposure for private companies. Expert insights for compliance & efficiency.
• Explained: ASC 842 Lease Accounting Example ScenarioA worked scenario showing how ASC 842 changes financial reporting, from lease classification through to the balance sheet impact.
• Understanding Executory Costs in the ASC 842 Lease StandardBlog: Exploring ASC 842 Impact on Executory Costs. Navigate lease arrangements & financial reporting. Stay informed and in control.
• ASC 842 Sale-Leaseback: Journal Entries and RisksHow ASC 842 treats sale-leaseback transactions: classification, worked journal entries, and the balance sheet risks sellers face.
• Modified Retrospective Approach: ASC 842 TransitionHow the modified retrospective approach works for ASC 842 adoption, the comparative periods affected, and the practical expedients.
• ASC 842 Six Years Later: Transparency Wins, Costs RiseWhat FASB's post-implementation review of ASC 842 found: market reactions, credit assessments and analyst forecasts six years on.
• Correct Lease Classification Steps for ASC 842Unleash iLeasePro: The ASC 842 solution for mid-market leasing. Classify leases, boost efficiency, maximize profits. Revolutionize your leasing today!
• What Constitutes a Lease? ASC 842 Definitions ExplainedWhat qualifies as a lease under ASC 842: the criteria, the agreements that meet them, and the financial impact of each one.
• Lessee Guide: Implicit Rate vs. IBR in ASC 842 ComplianceASC 842 Changes in Lessee Discount Rate Application. Dive into nuances of lease accounting. IBR vs. implicit rate considerations.
• Accounting for Future CPI Increases with ASC 842How to account for lease payments tied to unknown future CPI increases under ASC 842, and when remeasurement is required.
• Choosing the Ideal Incremental Borrowing Rate Under ASC 842Exploring benefits of specific incremental borrowing rate under ASC 842. Insights on considerations, impact & optimizing lease accounting.
• Identifying Embedded Leases in ASC 842 ContractsGuide to Navigating Embedded Leases under ASC 842. Explore complexities, implications, compliance. Streamline reporting, optimize strategies.
• Mitigating Tax Implications in ASC 842 Lease AccountingExplore the tax implications of ASC 842 lease accounting standards. Uncover challenges & learn strategies for compliance & mitigation.
• Practical Applications of Blockchain in Lease AccountingWhat blockchain could realistically offer lease accounting in terms of security, transparency and transaction efficiency.
• Creating a Culture of Continuous Improvement in AccountingCultivate success: Develop a culture of ongoing improvement in your accounting team. Expert insights for fostering excellence.
• Efficient Lease Management with Cloud Computing SolutionsUnlock the power of cloud computing for seamless lease data management. Discover how iLeasePro revolutionizes your leasing experience.
• Cost Analysis vs. Lease Accounting (ASC 842) + ExampleHow lease cost analysis and lease accounting complement each other under ASC 842 and IFRS 16, with a fully worked example.
• COVID-19 and Lease Accounting Under ASC 842Explore COVID-19's influence on lease accounting (ASC 842). Uncover insights into changes, challenges & adaptations in the leasing landscape.
• CPAs: Adapting to the Lease Accounting ChangesCPA Alert: Tackle Lease Accounting Changes! Get insights & strategies for ASC 842. Stay compliant & optimize your best practices.
• CPA's Avoiding ASC 842 Audit FailuresLearn proactive steps, tools, and best practices to ensure ASC 842 compliance and avoid audit failures while managing lease portfolios.
• CPA Guide: Transitioning Clients to ASC 842Learn how to guide clients through the ASC 842 lease accounting standard transition. Provide insights on compliance & reporting changes.
• Transforming Lease Accounting with Data AnalyticsUnveiling how Data Analytics forecasts trends and drives strategic decisions in lease accounting for a more profitable financial future.
• FASB ASC 842 Roundtable: Key TakeawaysTakeaways from FASB's September 2025 ASC 842 roundtable on the standard's benefits, its costs and its value to investors.
• CPA Firm Clients: ASC 842 Software Implementation FrameworkReasonable CPA firm client expectations for software implementation. Seamless transitions, training, customization & ongoing support.
• How ASC 842 Affects Company KPIs and Performance MetricsThe performance metrics ASC 842 changes beyond EBITDA: return on assets, asset turnover, and how investors read the new balance sheet.
• 15 Accounting Roles in ASC 842/IFRS 16 Lease AccountingHow 15 accounting and finance roles, from CFO to AP clerk, each contribute to accurate lease accounting under the ASC 842 standard.
• FASB ASC 842: Improving Lease Accounting StandardsDiscover the transformative impact of FASB ASC 842 on lease accounting. Enhanced accuracy, transparency, and compliance await.
• ASC 842 Effective Dates: Public and Private CompaniesWhen ASC 842 took effect for public and private companies, the fiscal years covered, and what a late adopter needs to do now.
• ASC 842 Lease Classification: Finance vs Operating TestsASC 842 Lease Classification. Understand how to classify your leases under the ASC 842. As an operating lease, finance lease or short term lease.
• Types of Leases Under ASC 842: Operating vs FinanceEvery lease type ASC 842 recognizes — operating, finance, short-term, subleases, sale-leasebacks and embedded leases — and how each is treated.
• How to Implement the New Lease Accounting StandardWhat changed when FASB issued Topic 842, and the steps finance teams take to implement the standard across a lease portfolio.
• How CPA Firms Grow Revenue with ASC 842 ServicesExplore ASC 842 lease accounting solutions for CPA firms to boost Monthly Recurring Revenue and client value, driving revenue growth.
• Lease Accounting Explained: Key ConceptsDive into lease accounting: Get an overview of essential concepts. Understand lease types, recognition, measurement, and reporting.
• Lease Accounting Process Flow: End to End Under ASC 842The full lease accounting lifecycle under ASC 842, from commencement through modification and termination, with the entries at each stage.
• Key Challenges in Implementing the Lease Accounting StandardAddress ASC 842 implementation hurdles & complexities. Explore challenges in adopting the new lease accounting standard.
• Lease Accounting: Trends Today and What’s AheadDiscover the current state of lease accounting under ASC 842 and future trends and potential updates to lease accounting.
• Lease Accounting's Digital Shift: What ChangedHow cloud, AI, analytics and mobile access are changing lease accounting, and which of those shifts really matter day to day.
• Automation: The Key to ASC 842 Lease ComplianceHow automated payment scheduling keeps lease entries aligned with actual payments, and why that alignment matters for ASC 842.
• Using AI in Year-End Lease Accounting AuditsHow AI shortens year-end lease audits and improves accuracy, and where human review is still required for ASC 842 compliance.
• Leap Days and Month Variability in ASC 842 ExplainedExplore the importance of accurately accounting for leap days and month lengths in ASC 842 lease management for precision and compliance.
• Mastering IBR Under ASC 842 to Reduce Tax ExposureUncover the role of the Incremental Borrowing Rate (IBR) in ASC 842 lease accounting, optimize your tax exposure & boost financial accuracy.
• Navigating Tax Implications of ASC 842: A Guide for CFOsThe ASC 842 tax implications CFOs must plan for, and the questions worth putting to a tax adviser well before adoption day.
• CFO’s Training Guide: Mitigating Tax Risks with ASC 842Why ASC 842 training reduces tax exposure, and the misapplications CFOs see most often when accounting teams are undertrained.
• Access Lease Accounting on the Go with Mobile IntegrationDiscover mobile lease accounting solutions: Access, manage, and optimize your lease data anytime, anywhere for agile financial decision-making.
• AI in Lease Accounting: Navigating Implementation ChallengesNavigate AI implementation risks in lease accounting. Explore challenges, regulatory concerns, and strategies for successful integration.
• Lease Modifications and Tax Exposure: A CFO's GuideDiscover the financial & tax implications of lease modifications under ASC 842. Best practices to ensure compliance & optimal tax benefits.
• FASB ASC 842 Transition Guide for Private CompaniesGuide private companies transitioning to FASB ASC 842. Navigate changes, compliance & reporting adjustments for successful lease management.
• Strategic Adjustments in Quarterly Ratios with ASC 842How quarterly ratio impact analysis supports leasing decisions under ASC 842, and which ratios are actually worth watching.
• How AI Is Changing Lease Accounting WorkflowsEmbrace the future of lease management with AI. Explore transformative impacts on accuracy, efficiency & decision-making.
• Accounting for Acquisitions Simplified Under ASC 842Navigate ASC 842 for acquisitions: Tips for accurate lease accounting. Dive into complexities, gain insights & ensure compliance.
• Lease Re-evaluation and Tax Liabilities Under ASC 842Unlock the power of lease term re-evaluation under ASC 842. Learn how to strategically reduce tax liabilities & gain operational flexibility.
• ERP API Integration for Lease Accounting: Why It MattersWhy connecting lease software to your ERP through an API removes manual entry and keeps the general ledger in step with it.
• Sublease Strategy Under ASC 842: A CFO's GuideHow subleasing works under ASC 842, its tax implications, and the factors CFOs weigh when deciding whether to sublet space.
• ASC 842 Risk-Free Rate Election for Private CompaniesThe ASC 842 risk-free rate election lets private companies skip the incremental borrowing rate — simpler to apply, but it enlarges the lease …
• ASC 842 Impact on Hospitality Industry Lease AccountingExplore ASC 842 Lease Accounting Standard's influence on hospitality. Uncover implications, challenges & needed strategic adjustments.
• Five Ways to Simplify Workflows Using Lease AccountingOptimize workflow: Learn 5 ways lease accounting software boosts efficiency. Automate management, reduce errors, and centralize data for productivity.
• Transition Options Under the Lease Accounting StandardDiscover a new transition option for lease accounting standards. Benefits, implications & how it can streamline compliance for your business.
• Steps for Transitioning Equipment Leases to ASC 842Navigate equipment lease transitions to ASC 842. Understand compliance changes, reporting shifts & strategic adjustments.
• Exploring the Trends Shaping the Future of Lease AccountingThe regulatory shifts and technology changes shaping lease accounting, and which are likely to affect practice the soonest.
• Lessee Disclosures Under ASC 842: What to ReportUnveil lessee financial disclosures. Comprehend reporting requirements, disclosures' nuances for transparent financial statements.
• Tax Implications of ASC 842 Lease AccountingHow the ASC 842 overhaul affects taxation, including deferred tax and the differences between book and tax lease treatment.
• Who Might Not Benefit from Lease Accounting Software?Is lease accounting software right for your business? Explore implementation challenges. Get insights for unique industries & arrangements.
• Which Businesses Benefit Most from Lease SoftwareDiscover the ideal businesses for Lease Accounting software. Learn about how diverse sizes & types benefit from streamlined compliance.
• A Year-End Communication Plan for ASC 842 ComplianceA year-end communication plan for ASC 842: who to involve, when to meet, and what each team needs to hand over and when.

View all articles in ASC 842 Standards & Classification →

Comprehensive Guides

Start-to-finish walkthroughs of ASC 842 and lease accounting.

• ASC 842 Implementation Guide: Steps, Examples, ChecklistA step-by-step ASC 842 implementation guide: transition methods, the lease data you need, worked journal entries and a compliance checklist.
• ASC 842 Lease Accounting Guide 2026 | Complete OverviewA complete ASC 842 guide: the standard, transition methods, worked journal entries and a compliance checklist for finance teams.
• ASC 842 Glossary: Key Lease Accounting Terms DefinedA glossary of ASC 842 lease accounting terms, with plain definitions for the concepts the standard relies on most often.
• FASB ASC 842 Summary: What Changed and Who It AffectsDive deep into the nuances of FASB ASC 842. Equip yourself with insights and best practices for mastering lease accounting standards.
• ASC 842 Lease Accounting Made SimpleASC 842 lease accounting explained in plain terms: what the standard requires and how leases now affect financial statements.

Journal Entries, Reconciliations & Close

Recording leases each period, reconciling to the ledger, and closing the month.

• asc 842 close process: complete monthlyA repeatable monthly close checklist for ASC 842: the journal entries, reconciliations and reviews to complete each period.
• Prevent Common Lease Journal Entry ErrorsThe lease journal entry errors that surface most in ASC 842 reviews, why they happen, and the validation steps that prevent them.
• Lease Accounting in the Month-End Close ProcessHow to fold lease accounting into your month-end close: the entries, reconciliations and reviews to complete each period.
• ASC 842 Journal Entries: Operating, Finance and SubleaseJournal entries for operating, finance and sublease arrangements under ASC 842, with debits and credits at commencement and each period.
• Deferred Rent Under ASC 842: Definition and Journal EntriesWhat deferred rent is, how ASC 842 changed its treatment at transition, and the journal entries that record it under ASC 840 and under ASC 842.
• Operating vs Finance Lease Accounting: Entries ComparedSide-by-side operating and finance lease journal entries under ASC 842, from commencement through the full term, with the numbers shown.
• Rent Abatement and Rent-Free Period Accounting, ASC 842Rent abatement and rent-free period accounting under ASC 842: free months still carry straight-line cost, and a later abatement is a modification.
• Rent Concession Types and Their ASC 842 TreatmentA rent concession is a landlord give-back: free rent, a lower rate, a deferral, an allowance. ASC 842 treats each as an incentive or a modification.
• Tenant Improvement Allowance Accounting for ASC 842Tenant improvement allowance accounting for ASC 842: a TIA is a lease incentive that cuts the ROU asset or lease payments. Worked table, year-one …
• Efficient Year-End Close Strategies for Lease AccountingOptimize your year-end close process for lease accounting with our expert tips. Streamline efficiency for a seamless financial year-end.

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Measuring the Lease

Computing the lease liability and right-of-use asset at commencement and afterwards: present value, amortization schedules, remeasurement and impairment.

• ASC 842 Examples and Amortization Schedules ExplainedWorked ASC 842 examples for operating and finance leases, including the amortization schedule and the journal entries at each step.
• Rent Expense: 365 vs. 360-Day Basis in ASC 842 AccountingASC 842 Lease Standard - Calculating Rent Expense. 365-day vs. 360-day basis for accuracy. Align calculations with real-world metrics.
• Right-of-Use Asset Impairment Under ASC 842 ExplainedDelve into impairment of leased assets and the right-of-use asset. Gain insights into valuation, recognition, and accounting adjustments.
• Lease Amortization Red Flags and How to Fix ThemThe red flags in a lease amortization schedule that signal an error, and how to correct them before they reach reporting.
• Lease Liability Reconciliation: Tie the Schedule to the GLHow to reconcile the lease liability schedule to the general ledger each period, the differences that recur, and how to resolve them.
• ASC 842 Remeasurement Triggers ChecklistWhich events trigger lease remeasurement under ASC 842, and a checklist for catching those triggers each reporting period.
• ROU Asset Rollforward Schedule: What It Is and How to BuildWhat a right-of-use asset rollforward schedule shows, how to build one under ASC 842, and the reconciliation auditors ask to see.
• Right-of-Use Asset Explained: ASC 842 Calculation GuideWhat a right-of-use asset is under ASC 842, what goes into its initial measurement, and how to calculate it step by step.
• Lease Liability Under ASC 842: Formula and CalculationWhat a lease liability is, the present-value formula used to measure it under ASC 842, and a worked calculation with the discount rate.

Discount Rates & Key Assumptions

Choosing and documenting the incremental borrowing rate and the other judgements auditors test.

• Incremental Borrowing Rate: Step-by-Step CalculationThe incremental borrowing rate formula worked through step by step, with the inputs to gather and a full example calculation.
• Building an IBR From Your Own Borrowing DataHow to derive an incremental borrowing rate from your own debt, and when a private company may elect the risk-free rate instead.
• IBR Documentation Requirements for AuditThe IBR documentation an ASC 842 audit calls for, and how auditors verify the rate build-up, adjustments and credit risk.
• IBR for Companies Without External DebtHow a company with no external borrowing builds a defensible ASC 842 incremental borrowing rate, and which inputs drive it.
• How to Determine the Incremental Borrowing RateASC 842 Incremental Borrowing Rate. A guide for CFOs to determine the incremental borrowing rate under the ASC 842 Standard
• ASC 842 Discount Rate: IBR, Implicit and Risk-FreeWhich discount rate to use under ASC 842: the rate implicit in the lease, your incremental borrowing rate, or the risk-free election.
• Incremental Borrowing Rate: Formula and MethodologyA defensible method for setting your incremental borrowing rate under ASC 842, with the formula, inputs and the documentation auditors expect.
• NPV vs XNPV for Lease Payments: Which to UseWhether to use NPV or XNPV when discounting lease payments under ASC 842, why the answer depends on payment timing, and an example.
• Portfolio vs Lease-Specific IBR: When Each AppliesWhen a portfolio IBR is appropriate under ASC 842, when leases need their own rate, and what the choice does to the numbers.
• ASC 842 Incremental Borrowing Rate for Vehicle LeasesHow to determine the incremental borrowing rate for vehicle leases under ASC 842, including sales tax and residual value treatment.

Lease Modifications & Remeasurements

Extensions, terminations and scope changes, and when each triggers remeasurement.

• ASC 805 Business Combinations and Lease Accounting RulesASC 805 business combinations and lease accounting: acquirers remeasure each acquired lease as new at closing and adjust the ROU asset for off-market …
• Variable Lease Payments Under ASC 842: Rules and ExamplesWhich variable lease payments belong in the lease liability under ASC 842, which are expensed as incurred, and worked examples of each.
• When Are Lease Modifications Required Under ASC 842?What counts as a lease modification under ASC 842, which changes trigger remeasurement, and how to account for each of them.
• Foreign Currency Conversion in Lease Accounting (ASC 842)Foreign currency conversion in lease accounting: remeasure the liability at the closing rate, keep the ROU asset at the historical rate, book the gap.
• Lease Abandonment Accounting: Cease-Use Under ASC 842Lease abandonment under ASC 842: the liability stays, the right-of-use asset is tested for impairment and amortized to salvage value by the cease-use …
• ASC 842 Lease Modification and Remeasurement ExamplesWhen a lease modification triggers remeasurement under ASC 842, how to calculate it, and worked examples for extensions and scope changes.

Disclosures & Financial Reporting

Footnote disclosures and how leases land on the balance sheet, income statement and cash flow.

• ASC 842 Disclosure Requirements and Footnote ExamplesThe quantitative and qualitative disclosures ASC 842 requires, with a worked footnote example you can model your own on.
• ASC 842 Disclosure Requirements GuideThe quantitative and qualitative ASC 842 disclosures lessees must provide, and how auditors test each one for completeness.
• ASC 842: Shareholder Equity Financial ReportingHow leases affect the statement of shareholder equity under ASC 842, and what the standard requires you to present there.
• Current vs Non-Current Lease Liabilities: How to Split ThemHow to split lease liabilities between current and non-current under ASC 842, with the calculation and a worked balance sheet example.
• ASC 842 Balance Sheet Reporting for LeasesWhat ASC 842 requires on the balance sheet: right-of-use assets, lease liabilities, and how each is presented and classified.
• ASC 842 Cash Flow Statement: Presentation and ExamplesWhere lease payments appear in the cash flow statement under ASC 842, split between operating and financing, with a worked example.
• Comprehensive Income and ASC 842 Lease ReportingHow leases appear in comprehensive income under ASC 842, and what the standard requires you to present and disclose there.
• ASC 842 Disclosure Notes in Financial StatementsThe ASC 842 disclosure notes lessees must include in their financial statements, and the detail auditors expect in each.
• Financial Reporting for ASC 842 Lease AccountingHow ASC 842 affects the balance sheet, income statement and cash flow statement, plus the disclosures that accompany them.
• ASC 842 Income Statement Impact: Lease ExpenseHow operating and finance leases hit the income statement differently under ASC 842, and where lease expense appears in each case.
• MD&A Considerations for ASC 842 LeasesWhat to cover about leases in MD&A under ASC 842, and the trends and obligations your readers will expect you to explain.
• ASC 842 Reporting: Balance Sheet, P&L and Cash FlowWhich financial statements ASC 842 changes and how: balance sheet, income statement and cash flow, with the line items affected.
• ASC 842 Impact on the Balance Sheet, P&L and Cash FlowHow capitalizing operating leases under ASC 842 changes the balance sheet, income statement and cash flow statement, and what it does to covenants.
• ASC 842 Balance Sheet Impact: ROU Assets and LiabilitiesExplore iLeasePro's approach to FASB ASC 842 compliance. Simplify lease accounting and understand the balance sheet implications.
• How ASC 842 Affects Loan Covenants and Debt RatiosDiscover how ASC 842 affects loan covenants, leverage ratios, EBITDA, and interest coverage, and learn strategies to mitigate financial risks.
• Off-Balance-Sheet Financing and Lease Liabilities: ASC 842Off-balance-sheet financing ended when ASC 842 put operating lease liabilities on the balance sheet. What is recognized, what stays off and what …
• Qualitative Lease Disclosures: ASC 842 NarrativeThe narrative ASC 842 disclosures lessees must provide, how they differ from the quantitative tables, and what auditors check.
• Quantitative Lease DisclosuresThe tables and schedules ASC 842 requires, including the maturity analysis, and how to prepare each one for the footnotes.

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ASC 842 Audit Readiness

What auditors ask for, the procedures they run, and how to be ready before fieldwork.

• ASC 842 Audit Adjustments and How to Prevent ThemThe ASC 842 audit adjustments that come up most often, why they happen, and the controls that catch them before fieldwork.
• ASC 842 Audit Readiness Checklist | ASC 842 ComplianceA practical ASC 842 audit readiness checklist: the documentation, reconciliations and controls auditors ask for before fieldwork.
• ASC 842 Lease Accounting Audit: Compliance Made SimpleAn auditor's view of ASC 842 compliance testing, from lease identification through measurement to financial presentation.
• ASC 842 Management Assertions for ControllersThe management assertions behind ASC 842 lease reporting, what auditors test for each, and how controllers evidence them.
• ASC 842 PBC List: Complete Documentation Guide | ASC 842What auditors request for an ASC 842 audit, and how to build a PBC list covering the lease population, data and controls.
• ASC 842 Substantive Testing: What Auditors Will DoThe substantive procedures auditors run on lease balances under ASC 842, and the evidence to have ready before fieldwork starts.
• Common Discount Rate Audit Findings | AvoidThe discount rate findings auditors raise most often under ASC 842, and how to document an IBR that stands up to their testing.
• Lease Audit Procedures: Testing Completeness Under ASC 842The audit procedures used to test lease completeness and liabilities under ASC 842, and the evidence to prepare before fieldwork begins.
• Finding Missing Leases: A Systematic GuideA systematic way to find leases nobody recorded, so the ASC 842 lease population is complete before the auditors test it.
• Driven Brands Accounting Errors Restatement NewsDriven Brands disclosed accounting errors and will restate previously reported results. What happened, and the lease accounting lessons.
• What Is an Embedded Lease? Definition and ChecklistWhat an embedded lease is under ASC 842, the tests that identify one inside a service contract, and a checklist for reviewing contracts.
• ASC 842 lease audit procedures GuideHow auditors test ASC 842 lease data: the risks they look for, the errors they find most often, and how to prepare for it.
• Free AI-Powered ASC 842 Lease Analyzer ToolA free AI-powered ASC 842 lease analyzer that reviews contracts for lease components, so none are missed in the lease population.
• How to Engage with Your Auditor on ASC 842Discover effective strategies to bridge communication with lease accounting auditors, ensuring clarity and collaboration in every financial review.
• Using AI to Strengthen Year-End Lease AuditsHow AI streamlines year-end lease audits, improving both the speed and the accuracy of the ASC 842 compliance work involved.
• How to Pass an ASC 842 Lease Accounting AuditExplore key actions for ASC 842 audit success. With iLeasePro's expertise, navigate lease accounting complexities, ensure compliance, and ace your …
• Lease Audit Procedures: A Practical ChecklistMaster your lease audit with our detailed Lease Audit Checklist. Navigate lease intricacies and ensure compliance effortlessly.
• AI Changing Accounting? Explore Its ImpactHow AI is reshaping accounting and audit work, the benefits teams report, and the practical challenges of integrating it.
• IT & Software Contracts: Hidden Leases GuideHow to spot embedded leases in IT and software contracts under ASC 842, and how to split lease from non-lease service components.
• Lease Audit Workpapers: Satisfy AuditorsWhat belongs in ASC 842 lease audit workpapers, and how to document the population, calculations and controls auditors test.
• Lease Population Completeness: Proving Nothing Is MissedHow auditors verify the ASC 842 lease population is complete, and the steps that show no lease has been left unrecorded.
• ASC 842 Pre-Audit Self-AssessmentHow to run a pre-audit self-assessment for ASC 842: the areas to test, the evidence to gather, and the gaps to close first.
• ASC 842 Audit Checklist: Evidence, Controls & AutomationAn ASC 842 audit checklist covering the documentation, controls and evidence auditors request before fieldwork begins on site.
• ASC 842 Audit Findings: A Controller's PlaybookHow controllers respond to ASC 842 audit findings: assessing severity, remediating the cause, and evidencing the correction.
• How to Navigate an ASC 842 Lease Accounting AuditStreamline your lease accounting and lease management processes, increase efficiency & maximize profitability with our innovative platform.
• Identify Unrecorded Leases with AP DataWhat an unrecorded lease is, and how accounts payable data helps you find lease components hidden inside service agreements.

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Lease Population Completeness

Proving the lease population is complete, and finding the leases nobody recorded.

• Identifying Embedded Leases Under ASC 842How to identify embedded leases hidden inside service contracts under ASC 842, and how to account for them once you find them.
• Why Lease Abstraction Matters for Lessees Under ASC 842Discover the pivotal role of lease abstraction for lessees. Understand its significance in streamlining lease management and ensuring accurate …
• Tracking Lease Details After ASC 842 AdoptionWhat to keep tracking after adopting ASC 842 so lease data stays accurate and compliance holds up between reporting periods.

Internal Controls & SOC 1

Control design and evidence for lease accounting, including SOC 1 considerations.

• ASC 842 Internal Control Framework: Design and EvidenceThe key components of an ASC 842 internal control framework, and the control gaps auditors focus on after implementation.
• ASC 842 Lease Management Best Practices GuideLease management practices controllers use to stay ASC 842 compliant: control design, data hygiene and ongoing audit readiness.
• ASC 842 Modification Accounting DecisionA decision framework for ASC 842 lease modifications: which changes trigger remeasurement, which create a separate contract.
• Common Lease Abstraction Errors & FinancialThe lease abstraction errors that most often distort ASC 842 balances, what they cost, and a checklist for catching them early.
• Complementary User Entity Controls for LeaseWhat Complementary User Entity Controls are for lease software, and the CUECs you must operate to rely on a provider's SOC 1.
• Continuous Lease Accounting ComplianceHow to keep ASC 842 compliance running after implementation: the process, controls and reviews that make it sustainable.
• Common Lease Accounting Control DeficienciesThe control gaps that recur in lease accounting, how auditors find them, and the fixes that close each one before year-end.
• Deferred Rent With a Lease Extension: How to RecalculateHow to recalculate deferred rent when a lease is extended or modified under ASC 842, with a worked straight-line rent example.
• iLeasePro Earns AICPA SOC 1 Type 1 AttestationiLeasePro has achieved AICPA SOC 1 attestation, an independent review of the controls that protect lease accounting data.
• iLeasePro Achieves SOC 1 Type 2 CertificationiLease Management has attained SOC 1 Type 2 certification, validating the controls protecting its lease accounting data.
• ASC 842 Lease Abstraction: Data QualityThe data quality standards that keep ASC 842 lease abstraction accurate, and what a wrong date or term does to the numbers.
• ASC 842 Lease Accounting Internal Controls GuideLease Accounting Control Framework Explained — Design and validate controls for asc 842 lease accounting internal controls framework with …
• Lease Control Documentation for Audit EvidenceWhat counts as sufficient evidence of lease controls in an ASC 842 audit, and how to document design and operating effectiveness.
• Lease Lifecycle Governance for ASC 842Governing the lease lifecycle from signature through termination, so ASC 842 compliance holds up long after implementation.
• Lease Modification Documentation: What to CaptureWhat to capture and retain when a lease is modified under ASC 842, and how long the supporting documentation should be kept.
• ASC 842 Lease Extensions and Early TerminationsHow to account for a lease extension or early termination under ASC 842: when to remeasure, which discount rate to use, and the entries.
• Material Weakness vs Significant Deficiency in LeasesHow a lease control gap is classified as a deficiency, a significant deficiency or a material weakness, and what each means for reporting.
• Quality Control Procedures for Lease AbstractionQuality control procedures for lease abstraction: the review steps, sampling and sign-offs that keep ASC 842 data audit-ready.
• SOC 1 Reports for Lease Accounting SoftwareWhat to look for in a lease accounting software SOC 1 report, which controls it covers, and where your own controls fill gaps.
• 10 Internal Controls Every Lease Accounting Team NeedsTen internal controls that keep lease accounting accurate under ASC 842, and the evidence auditors expect to see for each one.

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Ongoing Governance & Risk Management

Keeping lease data correct over time, and the regulatory changes worth tracking.

• ASC 842 Refresher: Essential Insights and Recent UpdatesA refresher on ASC 842: the key concepts, what changed from ASC 840, and the compliance requirements that still apply today.
• ASC 842 Practical Expedients: What They Are and WhenEvery practical expedient available under ASC 842, what electing each one means in practice, and when the package is worth taking.
• ASC 842 Updates: Effective Dates & Transition TipsASC 842 Transition: Effective Dates and Smooth Approach. Stay compliant, adapt efficiently. Learn key dates & implementation strategies.
• When Does the Lease Accounting Standard Take Effect?Mark your calendar: Lease Accounting Standard effective date. Be prepared for changes, compliance & reporting adjustments.
• FASB Lease Accounting Standards Finalized: Key DetailsFASB moves to finalize the lease accounting standard, and what that change was expected to mean for reporting companies.
• FASB Lease Project Update: Important Meeting TakeawaysGet the latest updates from the FASB meeting on the lease project held on August 27, 2014. Stay informed on lease accounting changes.
• FASB Announces Upcoming Release of Lease Accounting StandardFASB expected to issue the final lease accounting standard following the Financial Accounting Foundation trustee meeting.
• FASB PMAC Feedback on ASC 842: Benefits & CostsPMAC feedback on ASC 842 points to better transparency and lease management, alongside significant initial adoption costs.
• GASB 96 Explained: Subscription-Based IT ArrangementsStay compliant with GASB 96. Expert insights on Subscription-Based IT Arrangements (SBITAs) for accurate financial reporting.
• IASB Announces Release of New Lease StandardThe IASB set to release its new lease standard on 13 January 2016, and what it was expected to mean for reporting teams.
• A Guide to Lease Accounting with IFRS 16Demystify IFRS 16 Leases with our insightful blog. Explore lease accounting intricacies, gain practical insights & stay compliant!
• Critical Lease Dates: How to Stop Missing ThemMaster the art of tracking and managing crucial lease dates. Prevent oversights, ensure timely renewals, and optimize your lease lifecycle with our …
• Transitioning from ASC 840 to ASC 842: What to DoHow to work through the Day 1 ASC 842 transition: the decisions to make, the data to gather, and the entries you must record.
• FASB/IASB Roundtable: Lease Accounting TakeawaysEngage in a FASB/IASB Roundtable on Leases. Discuss insights, challenges, and best practices in lease accounting. Join the conversation.
• Highlights from the July 23, 2014 Joint Board MeetingA recap of the 23 July 2014 joint FASB and IASB board meeting, covering the discussions, decisions and lease proposals made.
• FASB and IASB Meeting Updates: Key HighlightsCatch up on the latest FASB and IASB meeting highlights. Stay in the know with key accounting insights in our blog post.
• Lease Exposure Draft: How Expenses Are PresentedHow the lease accounting exposure draft proposed to present lease expense, and what changed between the draft and the final ASC 842 standard.
• February 2015 Update on the Lease Accounting ProjectCatch up with the February 2015 update on the Lease Accounting Project. Stay informed about progress, changes, and key developments.
• Lease Accounting Update: Key Lease Components in ContractsStay informed: Lease Accounting Update focuses on lease components within a single contract. Gain insights into complexities & implications.
• Critical Date Tracking for Commercial LeasesWhich lease dates to track, what goes wrong when a renewal or notice window is missed, and how to automate alerts across a portfolio.
• Understanding the Latest Lease Accounting Guidance ReleasedStay updated: New lease accounting guidance issued. Discover changes, implications, and compliance shifts in lease management.
• Key Changes in the Upcoming Lease Accounting StandardBe prepared: A new lease accounting standard is coming. Stay informed about changes, impacts, and how to adapt for successful compliance.
• The New Lease Standard and Its Effective DateAn updated exposure draft is set to be released in May 2013. Prepare for insights & changes considerations in lease accounting standards.
• October 2015 Lease Accounting Changes: Important UpdatesCatch up on the October 2015 Lease Accounting Update. Stay informed about changes, discussions & advancements in lease accounting standards.
• Essential Steps for Preparing for Lease Accounting ChangesNavigate lease accounting changes seamlessly. Expert tips to initiate preparation. Stay compliant effortlessly. Start now!
• Impact of Proposed Lease Accounting Changes on RetailersHow the proposed lease accounting changes were expected to affect retailers, and the adjustments the sector then considered.
• FASB/IASB Lease Accounting Meeting Recap: December 16, 2014A summary of the 16 December 2014 joint FASB and IASB lease accounting meeting: the discussions, decisions and outcomes.
• Lease Classification and Expense Recognition ChangesUncover the implications, considerations & adjustments involved in reversal on lease classification & expense recognition.
• Revised Lease Accounting Exposure Draft ExplainedStay updated: Revised Lease Accounting Exposure Draft issued. Delve into changes, impacts, and how it may reshape lease accounting standards.
• ASC 842 Short-Term Leases and the Practical ExpedientThe ASC 842 short-term lease exemption, how month-to-month leases qualify, and when electing the practical expedient is the right call.
• FASB Lease Discussions Summary from December 2 MeetingSummarize the December 2 FASB meeting on leases. Capture key discussions, decisions, and outcomes related to lease accounting standards.
• What Happens If You Do Not Comply with ASC 842What ASC 842 non-compliance costs: misstated financials, audit findings, restatement risk and weakened lender confidence.
• How ASC 842 Changes Lease Record-KeepingExplore the evolution of record keeping with the new lease accounting standard. Understand changes, digitalization, and efficient strategies.
• 10 Year-End Lease Accounting Challenges and FixesThe ten lease accounting problems that surface at year-end under ASC 842, and how controllers work through each of them.
• Top Lease Management Challenges & SolutionsThe biggest challenges in lease management — from compliance to forecasting — and how to turn them into strategic advantages for your organization.
• Understanding GASB Lease Standards in Government AccountingDive into Governmental Accounting Standards (GAS). Uncover lease intricacies, GASB 87 implications, classification & more. Stay compliant!
• FASB PIR: ASC 842 Costs Exceeded Expectations for CFOsFASB's post-implementation review found ASC 842 costs ran higher than expected, even as investors backed the transparency.

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Lease Data Quality & Abstraction

Abstracting leases accurately and keeping the underlying data trustworthy.

• 6 Common ASC 842 Pitfalls and How to Avoid ThemThe six ASC 842 compliance pitfalls companies hit most often, and the practical steps that keep lease accounting accurate.
• Key Fleet Vehicle Lease Terms to Know (ASC 842)The key terms to capture when abstracting fleet vehicle leases, and why each one matters for ASC 842 accuracy and reporting.
• Key Real Estate Lease Terms to Know (ASC 842)The key terms to capture when abstracting real estate leases, and why each one matters for ASC 842 accuracy and reporting.
• ASC 842 lease data abstraction process GuideHow to Abstract Lease Data for ASC 842 — Ensure ASC 842 lease data abstraction process compliance with audit-ready processes, regulatory insight, …
• What Data a Lease Abstract Should IncludeMaster the art of abstracting both real estate and equipment leases. Follow our step-by-step guide to simplify lease management and enhance …
• Lease Abstraction Services for ASC 842 ComplianceProfessional lease abstraction services that extract critical lease data accurately and give you complete portfolio visibility.
• What Is Lease Abstraction? Process and Key Data PointsExplore best practices for lease abstraction. Uncover techniques to extract essential data, ensure accuracy, and streamline lease management …
• Lease Abstraction Software: What to Look ForWhat to look for in lease abstraction software: the fields it must capture, accuracy controls, and how it fits your lease workflow.
• Equipment Lease Terms for Better Lease AbstractionThe essential terms to understand when abstracting and managing equipment leases under the ASC 842 lease accounting standard.
• Avoid These 10 ASC 842 Lease Accounting MistakesSteer clear of ASC 842 lease errors with expert tips on lease accounting pitfalls. Navigational strategies for accurate financial reporting.

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Lease Management

Administering a portfolio: critical dates, renewals, documents and day-to-day operations.

• Key Benefits of Centralized Contract Management SolutionsExplore benefits of centralized contract management. Streamline processes, enhance compliance, boost efficiency for superior outcomes.
• The Benefits of Cloud Lease Accounting for Property ManagersDiscover how cloud solutions streamline operations, enhance accuracy & provide efficient lease management for property managers.
• Effective Cost Control for Efficient Lease ManagementStrategies to optimize lease costs and improve financial efficiency, while keeping ASC 842 compliance intact throughout.
• Critical Date Notifications in Lease ManagementStay compliant and strategic: Discover the significance of critical date notifications in lease management. Mitigate risks, plan effectively.
• Discover Effective Tools for Lease Management and AccountingiLeasePro: Your comprehensive lease management & accounting solution. Simplify lease processes, ensure compliance & maximize efficiency.
• Tips to Compare Leases Effectively in NegotiationsMaster lease negotiation: Learn strategies for aligned numbers when comparing multiple leases during a lease negotiation.
• Equipment as a Service: Is It a Lease Under ASC 842?What equipment-as-a-service is, how it differs from leasing, and when an EaaS contract contains an embedded lease under ASC 842.
• How to Evaluate Leasing Alternatives: Important FactorsHow to evaluate leasing alternatives properly: comparing the costs, benefits and risks so the decision still holds up later.
• FASB and IASB Joint Meeting: Important HighlightsRecap the October 22, 2014 Joint FASB and IASB Meeting. Explore key discussions, decisions, and insights shared during the meeting.
• Five Benefits of SaaS Lease Management SoftwareFive reasons a cloud SaaS platform suits ASC 842 lease accounting better than spreadsheets or on-premise software ever will.
• Centralized Lease Portfolio and Asset ManagementMaximize efficiency with iLeasePro's unified lease portfolio. Streamline asset management, enhance oversight, and drive optimal returns.
• Lease Document Management: A Centralized RepositoryDiscover how iLeasePro revolutionizes lease management: centralize documents, optimize costs, ensure compliance, and make strategic decisions.
• Lease Tracking Software for Critical Dates and ASC 842Experience the pinnacle of lease tracking with our software. Streamline management, ensure timely actions, and optimize portfolio oversight …
• Equipment Lease Management Software for ASC 842Discover iLeasePro's seamless approach to FASB ASC 842 lease accounting. Specialized for equipment leases, we make compliance intuitive and efficient.
• Equipment Lease Data: Tracking, Budgets and ReportsHow lease management software simplifies equipment leasing, from tracking critical dates to producing compliant reports.
• Lease Accounting Changes and Their Impact on BanksExplore lease accounting changes' impact on the banking sector. Uncover implications, compliance shifts, and strategic adjustments.
• Lease Adjustments in Real Estate Downsizing Under ASC 842Lease adjustments in real estate downsizing take four routes: partial or full termination, sublease, or abandonment. What each does under ASC 842.
• Lease Contract Management Software: Track and OrganizeCentralize lease documents, track critical dates and see your whole portfolio with iLeasePro's lease contract management platform.
• Avoid Lease Issues by Tracking Critical DatesWhat a missed lease critical date actually costs, and how automated alerts stop renewals and penalty dates slipping past you.
• Lease Expense Classification and Its Far-Reaching ImpactUncover the depth: Lease expense classification's broader impact. Navigate financial implications, compliance, and strategic considerations.
• Lease vs. Buy: Key Considerations for Your Business DecisionDecide wisely: Explore the lease vs. buy dilemma. Uncover factors influencing the best choice for your business's growth & financial success.
• Lease Management Tips for Lessees and TenantsUnlock lease management prowess. Navigate leases, optimize terms & ensure compliance effectively. Expert guidance awaits.
• Centralized Lease Repository for Property ManagementUnderstand the value of centralized lease data repository. Boost efficiency, streamline operations & enhance lease management effectiveness.
• Boost ROI: Automate Lease Data Entry & Save Time & CostsHow automated lease data import cuts manual entry and errors, and the return that gives you across a large lease portfolio.
• Negotiating Lease Contracts: A CFO's Tax PerspectiveA CFO's strategic approach to lease contract negotiations under ASC 842. Discover how favorable terms can significantly reduce tax exposure.
• Smart Ways to Optimize Your Lease Portfolio EffectivelyUnlock 10 strategies for powerful lease portfolio optimization. Maximize benefits, efficiency & profitability as a lessee. Enhance now!
• Avoid Overpayments by Properly Managing Your Lease PortfolioDiscover common causes of lease overpayments and strategies to prevent them with effective lease management, audits, and proactive monitoring.
• Cybersecurity Best Practices for Lease Management SystemsHow to protect lease management data: privacy practices, regulatory obligations and the security controls auditors look for.
• Efficient Lease Management with Advanced TechnologyThe Power of Technology in Lease Management Unveiled. Streamlined administration & boosted efficiency with automation & analytics.
• The Future of Property Management: Adopting Lease SolutionsHow modern lease management software is changing property management, and what it means for client outcomes and margins.
• Hidden Lease Costs: OpEx, CAM and Audit Risk ExplainedHidden lease costs like CAM, gross-ups and admin fees cause overpayments and audit findings. How to spot them before they do.
• The Benefits of Automating Lease Management ProcessesWhy an automated lease management process matters: fewer manual errors, tighter compliance and a faster month-end close.
• Lease Documentation and Compliance: The Link ExplainedWhy lease documentation drives compliance, and what to keep on file so an ASC 842 audit can be answered from your own records.
• How ASC 842 Affects Debt-to-Equity RatiosDiscover how the new lease accounting standard impacts debt-to-equity ratios and what it means for your financial strategy.
• Cost Savings from Cloud-Based Lease ManagementHow cloud-based lease management drives cost savings and efficiency, and where that return shows up on a real portfolio.
• Whitepaper: Lease Accounting Changes and BankingUnderstand lease accounting's impact on the banking sector. Explore implications, changes, and strategies for successful adaptation.
• Why Spreadsheets Fail for ASC 842 Lease ManagementDiscover the pitfalls of using spreadsheets for ASC 842 lease management. Learn why modern software is essential for accuracy & compliance.

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Lease Analysis

Evaluating leases and portfolios: cost analysis, lease versus buy, and negotiation.

• Explore iLeasePro’s Advanced Lease Analysis CapabilitiesUncover iLeasePro's lease analysis prowess. Elevate decision-making with comprehensive insights and data-driven clarity.
• Key Financial Metrics in Lease Analysis and Their ImpactMaster lease analysis: Explore vital financial metrics' influence on your business. Decode impact for informed decisions.
• Lease Analysis Metrics: NPV, IRR and Cost per Square FootThe financial metrics used in lease analysis, how each one is calculated, and what they reveal about a lease's real cost.
• Lease Analysis 101: Metrics, Methods and ExamplesLease analysis explained from first principles: the metrics that matter, how to read them, and what they mean for decisions.
• Key Basics and Implications of Lease Analysis ExplainedDemystify lease analysis: Grasp the basics and their far-reaching implications. Expert insights into financial impacts & decision-making.
• Lease vs Buy Under ASC 842: How to DecideRead our analysis of leasing vs. buying under ASC 842. Understand the financial implications, strategic considerations & best practices.
• Commercial Lease Analysis: What to Review Before SigningThe financial terms to analyze in a commercial lease before signing: escalations, CAM, options, and total cost over the full term.
• Master Equipment Lease Analysis Efficiently with iLeaseProHone equipment lease analysis expertise. Master financial assessment & terms evaluation for optimal equipment leasing outcomes.
• Fleet Vehicle Lease Analysis: Costs and OptionsHow to analyze a fleet vehicle lease portfolio: open and closed-end structures, the cost drivers, and when leasing beats buying.
• Navigating Lease Accounting Risks: A Guide for CFOsMaster lease analysis complexities. Navigate modern lease accounting, mitigate risks & optimize financial strategies. Expert insights await.
• Building Success with Lease Analysis for Property ManagersMaster lease analysis essentials. Learn to navigate leases, optimize terms, and build success step by step. Expert insights await.
• Lease Analysis Best Practices for the Aviation IndustryElevate aviation lease analysis expertise. Gain mastery in evaluating aviation leases, from financial metrics to strategic decision-making.
• Lease Analysis for the Hospitality IndustryHow to evaluate hotel and restaurant leases: the financial assessment and term evaluation that drive better lease decisions.
• Lease Analysis for the Manufacturing IndustryAcquire expertise in financial evaluation, terms optimization & strategic decision-making for successful leasing in the manufacturing sector.
• Effective Lease Analysis Strategies for the Retail IndustryHone your retail lease analysis proficiency. Master financial assessment, terms evaluation for successful leasing in the retail industry.
• Efficient Oil & Gas Lease Analysis with iLeaseProElevate oil & gas lease analysis skills. Master financial assessment & terms evaluation for effective leasing in the energy sector.

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Lease Accounting Software

What lease accounting software does, the features that matter, and how to evaluate it.

• Lease Software Features Required for ASC 842What ASC 842 software must handle: lease classification, amortization schedules, journal entries, disclosure reports and audit evidence.
• Best Lease Accounting Software: How to Evaluate ItHow to evaluate lease accounting software: the features that drive ASC 842 compliance, reporting quality and day-to-day usability.
• ASC 842 Software: Automate Compliance and ReportingASC 842 obligation by obligation, and what lease software must produce for each: classification, measurement, journal entries and disclosures.
• FASB Lease Accounting Software for ASC 842 ComplianceHow to evaluate FASB lease accounting software for ASC 842: the capabilities to require, what implementation costs, and what to ask a vendor.
• Scaling Lease Accounting Software as You GrowHow to scale lease accounting software as a portfolio grows, without losing accuracy or slowing down the month-end close.
• Choosing Lease Software That Manages Your Data WellNavigate the nuances of ASC 842 with our guide to choosing the ideal accounting solution. Prioritize features, compliance, and ease for optimal …
• How to Set Up Lease Accounting Software for ASC 842Step-by-step guidance on configuring your ASC 842 accounting solution. Ensure smooth implementation, robust features, and seamless compliance.
• What Lease Accounting Software Does: Features to CompareWhat lease accounting software does under ASC 842: the calculations it runs, the records it keeps, and where iLeasePro fits.
• Lease Accounting Software Pricing: What It Really CostsWhat lease accounting software costs, with real published figures from $3,142 a year for 25 leases, and what actually drives the difference.
• Lease Accounting Under ASC 842: A Practical OverviewHow lease accounting works under ASC 842: recognition, measurement, and the ongoing processes that keep a portfolio compliant.

Implementation & Process

Adopting a lease solution and improving how the accounting team works.

• 2026 Lease Portfolio Outlook: Finance & ASC 842What finance and real estate teams should expect from lease portfolios in 2026, and where ASC 842 compliance risk is concentrated.
• Agile Thinking: 6 Positive Outcomes for CFOsEmpower accounting: Embrace agile methods for efficiency, collaboration & adaptable financial reporting. Explore transformative insights.
• Using Agile Metrics to Drive Success in AccountingThe Agile metrics worth tracking in an accounting team, how to measure them, and what each one tells you about progress.
• How Agile Thinking Enhances Accounting Department EfficiencyTransform your accounting with agile thinking & Scrum. Streamline, collaborate, enhance accuracy. Embrace adaptability for efficiency!
• Agile Solutions to Enhance Month-End Close AccuracyBoost Month-End Efficiency: Embrace Agile Tools & Techniques. Enhance accuracy, collaboration & streamline close process. Read now!
• ASC 842 lease accounting journal entriesWorked ASC 842 journal entries for operating and finance leases: initial recognition, subsequent measurement and variable payments.
• ASC 842 transition methods comparison GuideThe ASC 842 transition methods available to lessees, how effective dates affect the choice, and which practical expedients apply.
• Measuring Customer Satisfaction in Agile AccountingMeasuring Agile Customer Satisfaction Unveiled. NPS, surveys, metrics for value delivery. Elevate initiatives & exceed expectations.
• Enhancing Lease Accounting: Faster Close and Risk MitigationA monthly, quarterly and annual checklist for lease accountants to keep their data accurate and close the month on schedule.
• Boost Accounting Efficiency by Implementing Agile ThinkingInfuse agility into accounting processes. Embrace dynamic thinking, optimize workflows & drive efficiency. Read expert insights.
• Streamline Accounting with Agile for Increased ProductivityOptimize accounting: Embrace Agile methodology. Enhance workflows, amplify productivity. Uncover insights for seamless implementation.
• Agile and Lean Methods in Lease AccountingHow Agile and Lean methods apply to lease accounting, and where they genuinely improve accuracy, speed and compliance work.
• Transform Your Accounting Department with Agile ThinkingHow Agile thinking applies to an accounting department, and where it improves adaptability, throughput and team efficiency.
• Boost Accounting Productivity by Measuring VelocityBoost productivity & explore velocity measurement in accounting processes. Optimize efficiency, track progress & drive results.
• Improving Accounting Efficiency with Throughput MetricsElevate Efficiency with Measured Throughput in Accounting. Real-world examples in processing, reporting & lease accounting. Read now.
• Cycle Time in Accounting: Measuring and Improving ItGauge efficiency: Delve into cycle time's role in accounting processes. Enhance workflow optimization and ensure timely outcomes.
• How to Calculate Error Rate in an Accounting DepartmentThe error rate formula for accounting teams, what an acceptable rate looks like, and how to track it across close and data entry.
• Agile Transition Challenges in Accounting TeamsNavigate Agile transition challenges in accounting. Discover strategies, best practices & insights to smoothly embrace Agile methodologies.
• 7 Reasons Agile Fails in Accounting DepartmentsUncover reasons for Agile thinking's challenges in accounting. Explore 7 key factors that may hinder successful implementation.
• Boost Accounting Efficiency by Managing Lead TimeEnhance responsiveness: Grasp lead time's role in accounting processes. Optimize efficiency, streamline operations for success.

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Tax & Financial Impact

Deferred tax, EBITDA, covenants and the ratios ASC 842 moves.

• ASC 842 and Your Ratios: Debt-to-Equity, Current, ROARatio by ratio: how ASC 842 moves debt-to-equity, current ratio, return on assets and interest coverage, plus strategies to manage the effect.
• Does ASC 842 Increase EBITDA? Impact on Loan CovenantsASC 842 moves operating leases onto the balance sheet and lifts EBITDA. What that does to leverage ratios and loan covenant headroom.
• ASC 842 Deferred Tax: Treatment and Worked ExamplesHow ASC 842 creates deferred tax on operating and finance leases, the book-tax differences to track, and a worked calculation.
• How ASC 842 Lease Accounting Standards Affect TaxationExplore tax implications of ASC 842 lease accounting standards. Uncover how changes impact tax reporting, strategies & compliance,

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Healthcare

Lease accounting for providers: medical equipment, facilities and embedded leases.

• ASC 842 Audit Checklist for Healthcare ReadinessASC 842 for Healthcare: Audit Readiness Checklist — Identify audit risks, avoid common ASC 842 errors, and prepare for audit review using asc 842 …
• identifying embedded leases in healthcare ascHealthcare Embedded Leases: How to Identify Them — Design and validate controls for identifying embedded leases in healthcare asc 842 with …
• Healthcare Lease Accounting Under ASC 842ASC 842 lease accounting for healthcare providers: medical equipment, facilities, and the audit-ready processes auditors expect.
• ASC 842 Hospital Real Estate Lease ComplianceHospital Real Estate Leases: ASC 842 Challenges — Ensure asc 842 hospital real estate lease compliance compliance with audit-ready processes, …
• ASC 842 Medical Equipment Lease ClassificationHow medical equipment leases are classified under ASC 842, and the tests that separate a finance lease from an operating lease.

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Industry Guides

Sector-specific lease accounting for construction, retail, transportation and more.

• ASC 842 Compliance Guide for Construction CompaniesAn ASC 842 compliance guide for construction companies, covering equipment leases, site facilities and audit readiness work.
• ASC 842 Compliance Guide for Transportation CompaniesAn ASC 842 compliance guide for transportation companies, covering fleet vehicles, terminals and preparing for an audit.
• Lease Accounting Changes and the Hospitality IndustryNavigate lease accounting changes' influence on the hospitality sector. Explore implications, compliance shifts, and strategic adaptations.
• Regulatory Impact of ASC 842 on Lease Accounting SoftwareHow regulatory policy shapes lease management and lease accounting software, and what that means for your compliance team.

News & Product Updates

Announcements, releases and company news.

• iLease Lease Abstraction: Accurate and Cost-EffectiveiLease Management expands its Lease Abstraction Services, helping companies streamline ASC 842 compliance, reduce costs, and improve audit readiness.
• iLeasePro Integrates Auth0 for an Improved User ExperienceiLeasePro adds Auth0 integration, bringing single sign-on and stronger data security to every lease accounting user account.
• iLeasePro Beta Version Debuts with Advanced FeaturesA walkthrough of the iLeasePro platform: the features that manage a lease portfolio and the insight they surface for you.
• iLeasePro SOC 1 Type 1 Certification: Ensuring Data SecurityiLeasePro achieves SOC 1 Type 1 certification, showcasing its commitment to data security, compliance, and operational excellence.
• iLeasePro ASC 842 Compliance and Cost SavingsiLeasePro announces feature enhancements that simplify ASC 842 lease accounting and reduce the reliance on spreadsheets.
• iLeasePro Improves Integration with Sage Intacct DimensionsDiscover how iLeasePro's advanced integration with Sage Intacct transforms lease accounting and management improved compliance & insights.
• CPA Advisor Program for Lease ComplianceiLeasePro's Advisor Program helps CPA and accounting firms simplify ASC 842 compliance and boost client services cost-effectively.
• iLeasePro Adds Subsidiary and Operating EntitiesiLeasePro now includes Subsidiary / Operating Entity features. Elevate your lease management with added flexibility & control.
• iLeasePro Free Demo: See ASC 842 Compliance LiveAffordable Lease Accounting Software Offers a No-Cost Demo, Providing a Timely, Risk-Free Solution for Companies Preparing for Budget Planning Season
• iLeasePro and Acumatica Deliver Integrated ASC 842Seamless synergy: LeasePro collaborates with Acumatica for integrated ASC 842 lease accounting. Elevate accuracy and efficiency in lease management.
• iLeasePro & JMT Consulting Partner for Non-Profit ASC 842Empowering nonprofits: iLeasePro partners with JMT Consulting for ASC 842 Lease Accounting. Strengthen financial management within the nonprofit …
• iLeasePro and Zeal CRE Partner on ASC 842iLeasePro and Zeal CRE have partnered to offer ASC 842 lease accounting and commercial real estate services in one place.
• Smart Lease Data Import Simplifies OnboardingiLeasePro's Smart Data Import service reduces lease onboarding from weeks to days by automating the data entry involved.
• Middle Market Businesses and iLeasePro TechnologyExplore the intersection of the middle market and technology. Our solution enhances lease management for technology-driven businesses.
• iLeasePro LinkedIn Group for Lease Accounting ChangesiLeasePro's LinkedIn Group on FASB & IASB Lease Accounting Changes expands. Join us for insightful discussions & updates!
• iLeaseXpress Named a Top Accounting ProductiLeaseXpress received an honorable mention in Accounting Today's 2022 Top New Products list for lease accounting software.
• ASC 842 Lease Software for Small Portfolios | iLeaseXpressiLeaseXpress is an affordable ASC 842 cloud solution for companies managing 15 leases or fewer, and starts at $99 a month.
• Lease Abstraction Services from iLease ManagementiLease Management's lease abstraction service, and how professional abstraction improves both efficiency and compliance work.
• iLeaseXpress: The Cost-Effective ASC 842 Compliance SolutionIntroducing iLeaseXpress: ASC 842 lease accounting made simple, affordable, cost-effective, & accurate. Optimal for up to 15 leases.
• Sage Intacct and iLeasePro Integration EnhancementSage Intacct & iLeasePro enhance their collaboration with new integration. Streamline lease accounting & optimize financial management.
• ASC 842 Compliance Made Easy for CPAs with iLeaseProStreamline lease accounting ASC 842 compliance support for clients: iLeasePro aids CPA, advisory, consulting firms & VARs.
• Technology Performance in iLeasePro Lease ManagementDiscover key technology performance attributes and their significance in our latest blog post. Stay ahead in the tech world!

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